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But the interesting part of this deal is the asset that Delta’s putting up as collateral: its frequent flyer program.

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P50 billion in loans await affected businesses – MANILA, Philippines — The government will provide … said the measure authorizes the GFIs not to require collateral for loans not exceeding P3 million, and payable within three years.

Delta spins off its cash-cow frequent flyer program to serve as collateral for a $6.5 billion loan amidst the airline industry bloo… – Delta’s frequent flyer earned $6.1 billion in 2019. Now it will serve as collateral for a $6.5 billion loan.

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Amid dampened business activity and a deep impact on people’s income as well as savings, personal loans have emerged as an …